HG - Copper Setting Up For A Long Opprtunity At Extreme

Sep 1

📊 Fundamentals first:

- Short-term: The copper market is turbulent—marked by sharp price spikes, crashes, and global shifts in stock levels.

- Medium-term: Despite forecasted surpluses from ICSG, technology innovations and steady demand (especially from China and green sectors) may underpin prices.

- U.S. risk factor: The tariffs remain a major wildcard, likely restructuring trade flows, increasing domestic input costs, and distorting global price differentials.


📈 Now the Chart:

P5/0 at the U-MLH marked the end, and price dropped into the void.

Now, at the L-MLH we see support has built up.
The momentum we see now will probably lead in a pullback before the potential massive run-up to the Centerline.

💡 If the trading God gives me a pullback, I am willingly risk my 0.5% in this trade to make at least 4x more. 🦊

Happy new week to all §8-)

Sep 4

Note

Here comes the pullback.
If it holds, we are in good shape §8-)

Sep 10

Trade active

Looks good. Fingers crossed.